Thursday, July 31, 2014

Trades 7/31 (Thurs)

GC 5min
I was telling D yesterday that my charts were all acting weird the whole day, and I felt pressured to get out of a trade that was going my way too fast shortly after GC and the FX markets opened. It was then that D told me it was crazy FOMC day. 

History taught me post-FOMC is not much fun either, and I would be better off staying out during the Asia and Europe sessions. But I traded anyway. It was a bad decision, and I needed my last trade to work to end the day blue. My focus was no longer on my target, and that had cost me a few points. That said, I am glad that I didn't give chase. A Chinese saying reminds me that if I get greedy, I could end up very poor.  

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